RISKBOOK

UK Intelligence Agencies Wary of Collaboration With US After Manchester Attack
Posted on Friday May 26, 2017

Officials investigating the bombing that left 22 people dead at an Ariana Grande concert in Manchester have made great strides in their investigation, identifying eight suspects involved with the plot and confirming the identity of the bomber himself, and, according to the New York Times, the investigation’s success is at least partially due to cooperation

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Saudi Aramco Faces Calls to Prove Independence From Kingdom
Posted on Friday May 26, 2017

It has been almost a year since Saudi Arabia began preparations for oil giant Saudi Aramco’s initial public offering, but the process of untangling the company from the kingdom continues to cause delays, the Wall Street Journal reports. Since its foundation in the 1930s, Aramco has not only been the driving force behind the growth of

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DOJ Signals Commitment to International Collaboration
Posted on Friday May 26, 2017

In a recent speech in Brazil, acting principal deputy assistant attorney general, Trevor McFadden, announced that the US Department of Justice will be sending an anti-corruption prosecutor to the UK to assist agencies with their work on white-collar crime, Corporate Counsel reports. The announcement signals a growing commitment by the Justice Department to help international prosecutors

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TSA Announces New Procedures for Summer Airport Travel
Posted on Friday May 26, 2017

As early as this Memorial Day, the Transportation Safety Administration may begin testing new procedures at as many as 10 airports in the US, CNET reports. In what the TSA has referred to as an effort to “declutter baggage,” passengers in the selected locations could be asked to remove electronic laptops and other items from their

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General Motors Faces Emissions Lawsuit
Posted on Friday May 26, 2017

On Thursday, the law firm of Hagens Berman filed a suit against General Motors in Detroit for allegedly using cheating devices to evade emissions requirements for two models of its heavy-duty diesel trucks, the Detroit Free Press reports. According to the suit, GM worked with Robert Bosch, the company that makes its electronic diesel controls, to

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Lawmakers Nix Repeal of ‘Swipe Fee’ Cap
Posted on Friday May 26, 2017

The chairman of the House Financial Services Committee, Rep. Jeb Hensarling (R-Texas), announced that a section of the Financial Choice Act that would have repealed federal limits on debit card “swipe fees” has been taken out, the Los Angeles Times reports. The cap on swipe fees originally came about through the Durbin amendment to the Dodd-Frank

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Ratings Agencies Slow to Factor in Climate Change
Posted on Friday May 26, 2017

Despite the threat that Ocean County, New Jersey, faces from climate change, Moody's Investors Service and S&P Global Ratings both gave the county’s recent $31 million bonds a perfect triple-A rating, Bloomberg reports. Many have pointed to the potential destruction that climate change can cause through flooding and unpredictable weather, and called for those issues to

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Twin Suicide Attacks in Jakarta Linked to Terror Network
Posted on Friday May 26, 2017

Two separate suicide bombings rocked Indonesia’s capital city of Jakarta on Wednesday, leaving three police officers dead and several others injured, the National reports. The country’s elite antiterror squad, Densus 88, is currently investigating the attack which may have specifically targeted police officers and may have had the support of Jamaah Ansharut Daulah (JAD), an

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The Hartford Faces 20,000-Member Class Action
Posted on Friday May 26, 2017

Two years after The Hartford allegedly depreciated sales tax on replacement items related to a fire in San Francisco, almost 20,000 of its policyholders have brought a class-action lawsuit against the company, Insurance Business reports. The plaintiffs claim that The Hartford consistently engaged in the practice of depreciating items that should not be subject to reductions

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Speculation on Initial Coin Offerings Continues
Posted on Friday May 26, 2017

Financial speculation about digital currencies continues to grow as alt-coin companies unveil new cryptocurrencies through so-called initial coin offerings (ICOs), the Financial Times reports. Through their ICOs, these companies hope to introduce digital currencies that are  cryptographically secure and that enable parties to instantly conduct transactions once specified conditions are met. Though the digital coins have

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Canada Proposes New Methane Pollution Standards
Posted on Friday May 26, 2017

Canadian Environment and Climate Change Minister Catherine McKenna announced proposed rules to reduce methane pollution from the oil and natural gas industries on Thursday, The Hill reports. McKenna pointed to examples of such regulations in Colorado, California and North Dakota and suggested that the new rules could use innovation and technology to improve the way companies

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Petrofac COO Suspended Over SFO Investigation
Posted on Friday May 26, 2017

Petrofac, which is under investigation by the UK’s Serious Fraud Office over allegations of “bribery, corruption and money laundering,” suspended Chief Operating Officer Marwan Chedid for the duration of the probe, the FCPA Blog reports. Chedid has also resigned from the company’s board of directors. The London-based company, which has about 13,500 employees and annual revenues

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